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Exit Strategies

Do you have a business exit strategy? Developing an exit strategy or succession plan is essential in smoothly transitioning your business. Plan your exit, identify the necessary steps, and learn about protecting your assets at SBA Getting Out. SCORE (Service Corps of Retired Executives) offers tips on when to begin planning for an exit and how to complete a valuation of your business.

Closing your business involves a number of steps including financial ramifications, tax issues and relationships with employees, customers and suppliers. FindLaw.com covers necessary steps to dissolve your company.

State of Iowa

However you choose to exit your business, you will need to complete appropriate steps with the state of Iowa.

Business organizations on record with the Iowa Secretary of State may dissolve or withdraw their authority by submitting the required documentation. Visit the Iowa Secretary of State website for filing dissolution requirements. You can also email sos@sos.iowa.gov, or call 515-281-5204 for more information.